Is Vedavaag Systems a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vedavaag Systems Ltd is a average quality company .

Is Vedavaag Systems undervalued or overvalued?

The key valuation ratios of Vedavaag Systems Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Vedavaag Systems share price return in the past 10 years?

Vedavaag Systems Ltd share price has appreciated 20.5% annually (CAGR) over the past ten years.

Is Vedavaag Systems a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vedavaag Systems Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Vedavaag Systems Ltd - Stock Valuation and Financial Performance

Name: Vedavaag Systems
Brand: Vedavaag Systems

BSE: 533056 | NSE: | IT - Software | Small Cap

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Vedavaag Systems Share Price

₹66.67 -1.63 -2.39%
as on 20-Dec'24 16:59

10 Year X-Ray of Vedavaag Systems:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	12.4%	17.8%	25.8%	22%	13%	7%	7.3%	8.5%	7.8%	6.8%	-
Value Creation Index ⓘ	-0.1	0.3	0.8	0.6	-0.1	-0.5	-0.5	-0.4	-0.4	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	66.4	81.8	93	74.5	60.2	62.3	55.9	68.8	65.4	61.6	67
Sales YoY Gr.	-	23.3%	13.6%	-19.8%	-19.2%	3.6%	-10.3%	23%	-4.9%	-5.9%	-
Adj EPS ⓘ	2.1	3.8	6.4	6.6	3.9	2.3	2.6	3.1	3	2.6	3
YoY Gr.	-	78.9%	66.7%	3.6%	-40.1%	-40.6%	9.8%	21.4%	-3.9%	-12.3%	-
BVPS (₹) ⓘ	24.1	27.4	33.6	40.7	43	44.3	46.1	48.3	50.7	52.6	54.7
Adj Net Profit ⓘ	2.9	5.4	9	10.5	9	5.4	5.9	7.2	6.9	6	7
Cash Flow from Ops. ⓘ	-5.9	0.7	0.5	-2.8	-14.4	0.9	3.9	2.6	2.1	15.7	-
Debt/CF from Ops. ⓘ	0	0	0.1	-1.8	-0	6.4	1.2	1.9	1.9	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-0.8%	0.5%	3.3%	-5.9%
Adj EPS ⓘ	2.4%	-7.8%	0.8%	-12.3%
BVPSⓘ	9.1%	4.1%	4.5%	3.8%
Share Price	20.5%	18.9%	7%	21.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.8	15	18.8	16.1	10.5	5.3	5.6	6.5	6	5.1	5.6
Op. Profit Mgn % ⓘ	17.9	14.6	14.8	23.1	22.3	15.5	17.6	17	16.8	16.1	16.5
Net Profit Mgn % ⓘ	4.4	6.6	9.7	14.1	15	8.6	10.5	10.4	10.5	9.8	10.2
Debt to Equity ⓘ	0	0	0	0.1	0	0.1	0	0	0	0	0
Working Cap Days ⓘ	350	298	246	352	490	500	571	491	570	643	237
Cash Conv. Cycle ⓘ	13	47	43	82	78	34	72	50	49	79	203

Recent Performance Summary

Sales growth is good in last 4 quarters at 15.08%

Return on Equity has declined versus last 3 years average to 5.60%

Sales growth has been subdued in last 3 years 3.26%

Net Profit has been subdued in last 3 years 0.77%

Latest Financials - Vedavaag Systems Ltd.

	Standalone	Consolidated
TTM EPS (₹)	3	3.5
TTM Sales (₹ Cr.)	67.5	86.1
BVPS (₹.) ⓘ	54.7	60.3
Reserves (₹ Cr.) ⓘ	101	115
P/BV ⓘ	1.22	1.11
PE ⓘ	22.32	18.96

From the Market
52 Week Low / High (₹)	44.12 / 83.50
All Time Low / High (₹)	5.24 / 92.45
Market Cap (₹ Cr.)	153
Equity (₹ Cr.)	22.9
Face Value (₹)	10
Industry PE ⓘ	36

Management X-Ray of Vedavaag Systems:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

12.12

21.21

* Pledged shares as % of Promoter's holding (%)

Valuation of Vedavaag Systems

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Vedavaag Systems

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	66	82	93	75	60	62	56	69	65	62
Operating Expenses ⓘ	55	70	79	57	47	53	46	57	54	52
Manufacturing Costs	13	19	22	31	19	24	31	39	37	41
Material Costs	40	46	52	21	22	25	12	13	13	2
Employee Cost	1	4	3	3	3	2	2	3	3	6
Other Costs ⓘ	1	1	1	2	2	1	1	2	2	3
Operating Profit ⓘ	12	12	14	17	13	10	10	12	11	10
Operating Profit Margin (%)	17.9%	14.6%	14.8%	23.1%	22.3%	15.5%	17.6%	17.0%	16.8%	16.1%
Other Income ⓘ	1	2	1	0	1	0	1	0	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	8	7	2	3	3	3	2	2	2	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	4	6	12	15	11	7	8	10	9	8
Tax ⓘ	1	1	3	4	2	2	2	2	2	2
Profit After Tax	3	5	9	10	9	5	6	7	7	6
PAT Margin (%)	4.4%	6.6%	9.7%	14.1%	15.0%	8.6%	10.5%	10.4%	10.5%	9.8%
Adjusted EPS (₹)	2.1	3.8	6.4	6.6	3.9	2.3	2.6	3.1	3.0	2.6
Dividend Payout Ratio (%)	0%	0%	14%	15%	25%	43%	23%	19%	20%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	33	39	48	65	98	102	106	111	116	121
Share Capital ⓘ	14	14	14	16	23	23	23	23	23	23
Reserves ⓘ	19	25	34	49	76	79	83	88	93	98
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	0	0	0	5	0	5	4	5	4	2
Long Term Debt	0	0	0	0	0	0	0	0	0	1
Short Term Debt	0	0	0	4	0	5	4	5	4	1
Trade Payables	53	24	23	17	8	1	1	1	1	1
Others Liabilities ⓘ	12	15	23	23	11	13	10	12	16	25
Total Liabilities ⓘ	98	77	94	110	118	120	122	128	137	149
Fixed Assets
Gross Block	61	61	66	53	56	59	60	61	61	61
Accumulated Depreciation	41	48	51	29	32	35	37	39	41	43
Net Fixed Assetsⓘ	20	13	16	23	24	25	23	22	20	18
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investmentsⓘ	0	0	3	7	7	7	7	7	7	18
Inventories	21	14	16	1	1	1	1	1	1	2
Trade Receivables	44	25	22	46	9	11	11	7	10	16
Cash Equivalents	3	6	8	2	2	2	3	3	3	4
Others Assetsⓘ	9	20	29	30	75	74	76	88	97	91
Total Assets ⓘ	98	77	94	110	118	120	122	128	137	149

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-6	1	1	-3	-14	1	4	3	2	16
PBT ⓘ	4	6	12	15	11	7	8	10	9	8
Adjustment ⓘ	8	6	2	1	3	3	2	2	2	2
Changes in Working Capital ⓘ	-17	-10	-12	-15	-26	-7	-4	-7	-6	8
Tax Paid ⓘ	-1	-1	-2	-4	-2	-2	-2	-3	-3	-2
Cash Flow From Investing Activity ⓘ	1	1	-8	-14	-3	-3	-1	-1	0	-11
Capex	0	0	-5	-10	-3	-3	-1	-1	0	0
Net Investments	0	0	-3	-4	0	0	0	0	0	-11
Others ⓘ	1	2	0	0	0	0	0	0	0	0
Cash Flow From Financing Activityⓘ	0	0	10	11	18	2	-3	-2	-2	-4
Net Proceeds from Shares ⓘ	0	0	10	8	29	0	-1	-1	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	5	0	5	-1	0	-1	-2
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	-3	-2	-1	-1	-1	-1
Others ⓘ	0	0	0	-2	-8	0	0	0	0	0
Net Cash Flow ⓘ	-5	3	2	-6	0	0	0	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.5	15.05	20.91	18.61	11.05	5.37	5.69	6.61	6.07	5.1
ROCE (%)	12.44	17.82	25.77	21.97	12.98	7.01	7.31	8.49	7.8	6.78
Asset Turnover Ratio	0.7	0.93	1.09	0.73	0.53	0.52	0.46	0.55	0.49	0.43
PAT to CFO Conversion(x)	-2	0.2	0.11	-0.3	-1.56	0.2	0.67	0.43	0.29	2.67
Working Capital Days
Receivable Days	197	154	91	165	167	59	72	50	49	79
Inventory Days	105	78	59	42	6	6	7	6	6	9
Payable Days	450	309	164	344	204	64	29	28	29	221

Vedavaag Systems Ltd Stock News

Vedavaag Systems Ltd FAQs

What is the share price of Vedavaag Systems?

Company share prices are keep on changing according to the market conditions. The closing price of Vedavaag Systems on 20-Dec-2024 16:59 is ₹66.67.

What is the market cap of Vedavaag Systems?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of Vedavaag Systems stood at ₹152.8.

What is the P/E ratio of Vedavaag Systems?

The latest P/E ratio of Vedavaag Systems as of 20-Dec-2024 16:59 is 22.32.

What is the P/B ratio of Vedavaag Systems?

The latest P/B ratio of Vedavaag Systems as of 20-Dec-2024 16:59 is 1.22.

What is the 52-week high and low of Vedavaag Systems?

The 52-week high of Vedavaag Systems is ₹83.50 and the 52-week low is ₹44.12.

What is the TTM revenue of Vedavaag Systems?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedavaag Systems is ₹67.45 ( Cr.) .

About Vedavaag Systems Ltd

Sark Systems India was setup in 1998 and over the years evolved as a niche player of e-governance solutions and citizen services infrastructure management.

Sark went public in the year 2000 and got listed in Bangalore and Hyderabad stock exchanges. The company during the initial days executed many intranet and client specific applications for customers such as Andhra Bank, Oriental Bank of Commerce, Nokia, Web Sprocket Inc, Information Logistics, Singapore and others. SARK built strategic relationship with Electronics Corporation of India (ECIL), a public sector undertaking to reach out to e-governance sector.

SARK bagged its first project in e-Governance solutions along with ECIL in year 2001 to execute a five year contract for computerized bus pass services for Delhi Transport Corporations and went on to bag similar contracts from many other state road transport undertakings in Tamilnadu, Karnataka and Maharashtra.

SARK has built well acclaimed solutions for local body management - for municipal e-governance â€“ covering Panchayats, Nagar Palikas and Municipal Corporations. SARK bagged its first project to deliver local body e-governance solutions to Municipal Corporation of Delhi in the year 2003 and that paved way for SARKs growth in e-Governance sector in a big way.

SARK has setup over 2000 citizen services centers in Delhi, Haryana and Bihar to reach out to people. These centers have been set up under the Government of India mandate to provide various G2C, B2C and B2B services. SARK has launched various citizen services under the brand ABHEE and proposal is on to setup these centers as free standing units on franchise basis.

Services offered by the company: